2nd QUARTER 2018 ASKING RENTS - Marin Apartments · quarterly average marin asking rents & vacancy...
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QUARTERLY AVERAGE MARIN ASKING RENTS & VACANCY RATES HISTORICAL ANNUAL MARIN ASKING RENT AVERAGES 500 Drakes Landing Rd. Greenbrae, CA 94904 415.877.1077 • [email protected] • Lic #00454938 MICHAEL J BURKE “Marin’s Apartment Specialist” All Studios All 1BRs All 2BRs All 3BRs All Marin All Novato All Central Marin All Southern Marin $2,400 $2,300 $2,200 $2,100 $2,000 Data source: Co-Star. Information deemed reliable but accuracy cannot be guaranteed. UNIT TYPE % 1 YEAR CHANGE # UNITS SURVEYED AVERAGE SQ FT RENT PER SQ FT AVERAGE RENT % 2 YEAR CHANGE 2nd QUARTER 2018 ASKING RENTS 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018 10% 9% 8% 7% 6% 5% 4% 3% 2% Quarterly Average Rent Quarterly Average Vacancy Rate $2,291 $2,328 $2,354 $2,371 $2,356 $2,365 $2,396 $2,448 $1,993 $2,125 $2,248 $2,365 $2,448 $1846 $1,610 $1,687 $1,587 $1,487 $1,474 $1,488 $1,565 $1,673 $1,716 $1,693 $1,708 $1,770 $2,400 $2,200 $2,000 $1,800 $1,600 $1,400 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 $2,328 911 5,152 5,946 850 14,945 2,315 9,125 3,404 607 700 980 1,278 868 864 839 941 $2.57 $3.02 $2.77 $2.82 $2.85 $2.47 $2.76 $3.32 $1,471 $2,077 $2,709 $3,604 $2,448 $2,143 $2,289 $3,062 2.7% 1.7% 4.6% 3.1% 3.2% 3.9% 2.1% 4.1% 5.1% 5.1% 7.4% 11.4% 7.4% 8.1% 6.7% 6.8% 4.6% 4.4% 4.3% 3.9% 4.5% 4.0% 4.0% 3.8%
Transcript of 2nd QUARTER 2018 ASKING RENTS - Marin Apartments · quarterly average marin asking rents & vacancy...
QUARTERLY AVERAGE MARIN ASKING RENTS & VACANCY RATES
HISTORICAL ANNUAL MARIN ASKING RENT AVERAGES
500 Drakes Landing Rd. Greenbrae, CA 94904415.877.1077 • [email protected] • Lic #00454938
MICHAEL J BURKE“Marin’s Apartment Specialist”
All StudiosAll 1BRsAll 2BRsAll 3BRsAll MarinAll NovatoAll Central MarinAll Southern Marin
$2,400
$2,300
$2,200
$2,100
$2,000
Data source: Co-Star. Information deemed reliable but accuracy cannot be guaranteed.
UNIT TYPE % 1 YEARCHANGE
# UNITSSURVEYED
AVERAGESQ FT
RENT PERSQ FT
AVERAGERENT
% 2 YEARCHANGE
2nd QUARTER 2018 ASKING RENTS
3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018
10%
9%
8%
7%
6%
5%
4%
3%
2%
Quarterly Average Rent
Quarterly Average Vacancy Rate
$2,291 $2,328 $2,354 $2,371 $2,356 $2,365$2,396
$2,448
$1,9
93 $2,1
25 $2,2
48 $2,3
65
$2,4
48
$184
6
$1,6
10 $1,6
87
$1,5
87
$1,4
87
$1,4
74
$1,4
88
$1,5
65 $1,6
73
$1,7
16
$1,6
93
$1,7
08
$1,7
70$2,400
$2,200
$2,000
$1,800
$1,600
$1,4002000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
$2,3
28
9115,1525,946850
14,9452,3159,1253,404
607700980
1,278868864839941
$2.57$3.02$2.77$2.82$2.85$2.47$2.76$3.32
$1,471$2,077$2,709$3,604$2,448$2,143$2,289$3,062
2.7%1.7%4.6%3.1%3.2%3.9%2.1%4.1%
5.1%5.1%7.4%
11.4%7.4%8.1%6.7%6.8%
4.6% 4.4% 4.3%3.9%
4.5%4.0% 4.0% 3.8%
